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Sep 28, 2012
09/12
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those other emerging economies are growing a lot based on productivity. brazil has been growing by employing more people but now unemployment is very low. the only way we can grow further in the future is by improving our productivity. in order to do that we have to introduce new innovation and technology. the only way to do that is having a more qualified work force. >> i want to put to use something one economist said to me, which is that you can account for brazil's growth rate recently with one word, that is china. is that sustainable? >> that is not really sustainable in the long run. china will continue to grow at this rate. in order to grow, brazil has to do something on their own. we have to do our own homework. that is investing in the quality of education, improving our systems. the productivity has been stagnant. >> i want to put a different point of view to you. i have been here a few days and you live here. it does not feel like the city in the grips of an economic slowdown. i see people in the streets. people are spending money. this feels l
those other emerging economies are growing a lot based on productivity. brazil has been growing by employing more people but now unemployment is very low. the only way we can grow further in the future is by improving our productivity. in order to do that we have to introduce new innovation and technology. the only way to do that is having a more qualified work force. >> i want to put to use something one economist said to me, which is that you can account for brazil's growth rate...
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Sep 27, 2012
09/12
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and that also has to do with the economy. if the economy is doing well, there's more money sloshing around, you're going to see more speculation and you're going to see more business. >> reporter: are any elements of the election being priced into corn at this moment, or is this all drought and supply and demand driven? >> we are in harvest mode right now, so we're just really more concerned with what the bushel counter is saying in the combine than what legislator is saying on the stump. so right now, we're just trading harvest and what we think, and ultimately what we think the crop will be when we pull it out of the ground. >> reporter: scott, thanks so much. >> all right. thank you. >> tom: tomorrow, "politics in the pits" continues from chicago's livestock trading pits-- presidential politics, cattle, and pork bellies. the securities and exchange commission is taking a closer look this fall at the systems and computer programs brokerage firms use to place orders. the move comes after the big trading trouble at knight cap
and that also has to do with the economy. if the economy is doing well, there's more money sloshing around, you're going to see more speculation and you're going to see more business. >> reporter: are any elements of the election being priced into corn at this moment, or is this all drought and supply and demand driven? >> we are in harvest mode right now, so we're just really more concerned with what the bushel counter is saying in the combine than what legislator is saying on the...
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Sep 27, 2012
09/12
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so as to make the economy more vibrant and society more just. and this was a tough treatment which, by the way, i think is not over. >> rose: for italy? >> for italy, yes. >> rose: the focus today is, obviously, on spain. >> yes. >> rose: what's going to happen? >> spain is doing very deep and serious things in terms of budgetary control, and in terms of statutory reforms. i think spain is decidedly on the right path. and we'l will come out of it. and will come out ey-- i mean ce out of the risky zone. and you see italy, spain, it's important to look at each of our countries individually, and it is also important to see clearly that we are all part and parcel of a wider thing call the euro zone and the european union. and it's not enough-- it is imperative, but it's not enough that each of our countries puts its own house in order. we also need to have a better governance of the whole, not only of the parts. and this is happening month after month because the european union as a whole is improving, is now more aware than it was one year ago, say
so as to make the economy more vibrant and society more just. and this was a tough treatment which, by the way, i think is not over. >> rose: for italy? >> for italy, yes. >> rose: the focus today is, obviously, on spain. >> yes. >> rose: what's going to happen? >> spain is doing very deep and serious things in terms of budgetary control, and in terms of statutory reforms. i think spain is decidedly on the right path. and we'l will come out of it. and will...
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Oct 2, 2012
10/12
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>> the economy has to get better. we've had this in the summer for the past two or three years in a row, and every economy rebounds. if we're going to have a rebound in the holiday season, that could be great and help to put people back to work, and allow them to spend a little bit more freely. we also have a long holiday season. november starts out on a thursday, which means thanksgiving comes early as it can come, and the most space between thanksgiving and christmas to get the spending n. >> susie: a few more shopping days in there. thanks, bob. nice to talk to you. robert brusca, chief economist. >> tom: in europe, spain's >> tom: in europe, spain's prime minister dashed hopes the country will ask for a bailout soon. that request would help trigger the european central bank's latest bond-buying program, seen by investors as helpful for the markets. here in the u.s., the dow lost almost 33, the nasdaq gained 6.5, and not much change for the s&p; it's up about a point. >> reporter: i'm darren gersh. still ahead, bot
>> the economy has to get better. we've had this in the summer for the past two or three years in a row, and every economy rebounds. if we're going to have a rebound in the holiday season, that could be great and help to put people back to work, and allow them to spend a little bit more freely. we also have a long holiday season. november starts out on a thursday, which means thanksgiving comes early as it can come, and the most space between thanksgiving and christmas to get the spending...
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Sep 27, 2012
09/12
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it is europe's largest -- fourth largest economy. gavin hewitt has more from madrid. >> lines of police outside the education ministry in madrid tonight. teachers protested here against cuts. they came onto the street at the government's announced the most severe round of budget savings so far. these latest austerity measures are widely seen as paving the way for a full-scale bailout. >> [spending -- speaking spanish] >> the minister of finance said he heard 2012 would be the last year the economy would shrink. another minister described it as a crisis budget designed to exit the crisis. this austerity budget aims to find savings of 40 billion joerres next year. each government department would how to make cuts of 90%. public-sector pay will be frozen for another year, and the retirement age is set to rise. >> just a few weeks ago, europe believed it had achieved a breakthrough. the european central bank said it would help come -- countries like spain by buying their bonds and reducing their borrowing costs. but there was a catch, sp
it is europe's largest -- fourth largest economy. gavin hewitt has more from madrid. >> lines of police outside the education ministry in madrid tonight. teachers protested here against cuts. they came onto the street at the government's announced the most severe round of budget savings so far. these latest austerity measures are widely seen as paving the way for a full-scale bailout. >> [spending -- speaking spanish] >> the minister of finance said he heard 2012 would be the...
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Oct 4, 2012
10/12
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42% of our economy on government. i don't want to go down the path to spain. i want to go down the path of growth that puts americans to work with more money coming in because they're working. >> lehrer: but, but, mr. president, you're saying in order to get the job done, it's got to be balanced. >> if we're serious we have to take a balanced, responsible approach. and by the way, this is not just when it comes to individual taxes. let's talk about corporate taxes. now, i've identified area where's we can right away make a change that i believe would actually help the economy. the oil industry gets $4 billion a year in corporate welfare. basically, they get deductions that those small businesses that governor romney refers to, they don't get. now, does anybody think that exxonmobil needs some extra money when they're making money every time you go to the pump? why wouldn't we want to eliminate that? why wouldn't we eliminate tax breaks for corporate jets? my attitude is, if you've got a corporate jet, you can probably
42% of our economy on government. i don't want to go down the path to spain. i want to go down the path of growth that puts americans to work with more money coming in because they're working. >> lehrer: but, but, mr. president, you're saying in order to get the job done, it's got to be balanced. >> if we're serious we have to take a balanced, responsible approach. and by the way, this is not just when it comes to individual taxes. let's talk about corporate taxes. now, i've...
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Sep 27, 2012
09/12
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economy is faring. jobless claims filed last week hit the lowest level in two months. but the commerce department revised its estimate of second quarter economic growth from 1.7% down to 1.3%. the economic numbers were fodder for republican presidential nominee mitt romney. at a campaign stop in springfield, virginia he said the slow growth was proof that president obama's economic policies have not worked. >> if you don't believe me why look at the price of gas and the jobs in your community and the members of your family that are struggling for good work. if you don't believe me look at the numbers that just came out in the growth of our economy. 1.3% versus russia at 4%, china at 7-8%, we are at 1.3% this is unacceptable. it is not working. i know what it takes to get things working. >> sreenivasan: 200 miles away in virginia beach, president obama acknowledged the economy is still struggling. but he also promised the crowd he'll push for an era of what he called economic patriotism. >> during campaign season you always hear a lot about patriotism. well you know wha
economy is faring. jobless claims filed last week hit the lowest level in two months. but the commerce department revised its estimate of second quarter economic growth from 1.7% down to 1.3%. the economic numbers were fodder for republican presidential nominee mitt romney. at a campaign stop in springfield, virginia he said the slow growth was proof that president obama's economic policies have not worked. >> if you don't believe me why look at the price of gas and the jobs in your...
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Sep 26, 2012
09/12
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and making sure the economy is strong. >> woodruff: dorothy stoneman, the founder of the non-profit youthbuild usa - says young people from disadvantaged backgrounds are more apt to base their vote on their immediate circumstances. >> in 2008 they had this hope, they did believe in hope and change, i think some of them are now disappointed because they got their hopes up so high and they haven't seen the kind of change that they imagined. they're not mad, they're disappointed, they're not sure, so they're confused about what does it take to change, which they know their neighborhoods need. >> woodruff: back in columbus, only miles from ohio state university, shannon follins worries about her neighborhood. follins who was pregnant at 16, now has two children, works an overnight shift at the waffle house and attends classes during the day. she will vote for the president because she thinks he is more in touch with the needs of her community and her children. >> i don't want my son growing up to be no gang banger shooting people or in and out of prison i don't want my daughter to be a
and making sure the economy is strong. >> woodruff: dorothy stoneman, the founder of the non-profit youthbuild usa - says young people from disadvantaged backgrounds are more apt to base their vote on their immediate circumstances. >> in 2008 they had this hope, they did believe in hope and change, i think some of them are now disappointed because they got their hopes up so high and they haven't seen the kind of change that they imagined. they're not mad, they're disappointed,...
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Sep 27, 2012
09/12
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china may announce stimulus measures to boost their economy while spain was a government is expected to present their budget for the next year. -- spain's government will present their budget for the next year. on top of jobs, on top of kohl's hiring push, they have created 1500 jobs in 10 states. two new stores will open in the washington area. the burden of student loan debt is getting worse. when you factor in tuition costs and raise borrowing limits, nearly one in five households have student loan debt in 2010. that is more than twice the level compared to 1989. this is according to a report from the pure research center that shows the average that was more than $27,000. more starbucks fans are looking to brew their lattes at home. that is coming up in the hour. >> 4:30 a right now and 56 degrees. >> still to come, bad news >> there has been a decision on pepco's request for a rate increase. if they had approve the entire amount, the typical customer would have to pay $5.20 more each month. instead they will pay about $2.60 more. the rate increase set to take place next month. >>
china may announce stimulus measures to boost their economy while spain was a government is expected to present their budget for the next year. -- spain's government will present their budget for the next year. on top of jobs, on top of kohl's hiring push, they have created 1500 jobs in 10 states. two new stores will open in the washington area. the burden of student loan debt is getting worse. when you factor in tuition costs and raise borrowing limits, nearly one in five households have...
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with twenty five percent unemployment there's this huge you know black market economy underground economy that has to get pulled back up as well they've got to be paying taxes so there's got to be you know reformed and whether you want to call it a stereo or not i think someone's got to go through and try and change the system which unfortunately is almost politically impossible right because it's so hard to get the votes to do that so i think we keep this limber lumbering around and you've got the banks at one side demanding their bailouts the people demanding their bailouts and at some point it's all going to give the actually less we are going to get is i can say with you and i think it's really interesting is that you know the people on the ground unemployed people see all the banks bailed out the financial sector bailed out politicians protected i mean i know it's very popular but people say now how about me but bail me out and i know i know that's nonsensical on many ways but i can understand how people feel that way. yeah and again i think that's why at least in spain they've got t
with twenty five percent unemployment there's this huge you know black market economy underground economy that has to get pulled back up as well they've got to be paying taxes so there's got to be you know reformed and whether you want to call it a stereo or not i think someone's got to go through and try and change the system which unfortunately is almost politically impossible right because it's so hard to get the votes to do that so i think we keep this limber lumbering around and you've got...
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spain is massively also linked to the british economy through banking and as well as to the smaller and already baled that portugal so you're talking about huge an unpredictable ripple of the acts of such developments across the euro zone and across the world across the global economy right now the mood is let's keep everyone and let's keep trying of course this comes at a cost and i don't see many people jumping up and down to grab that bill but the true euro zone style i think they will try to muddle through for a bit longer. i was machinist as a journalist for dow jones newswires. all right let's wrap up with loose change dimitri lauren lyster are you a football fan no i don't like football i'm not really i don't like football murder for born yeah i'm not really there so that's why i didn't really know that this was the biggest deal in the world but judging by the chatter in our news room it sure is and by now you've probably heard about the botched play call by n.f.l. refs during the green bay seattle game well that bad call apparently cost three hundred million dollars for vega
spain is massively also linked to the british economy through banking and as well as to the smaller and already baled that portugal so you're talking about huge an unpredictable ripple of the acts of such developments across the euro zone and across the world across the global economy right now the mood is let's keep everyone and let's keep trying of course this comes at a cost and i don't see many people jumping up and down to grab that bill but the true euro zone style i think they will try...
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Sep 28, 2012
09/12
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you have to be willing to overcome concerns about the global economy. >> mike is bullish when he comes to halliburton. he is simply buying a call. let's open that play book once again for those. this is a bullish strategy. when you buy a call you want the stock to rise by more than the cost of the trade. that is all it takes. easy pizzey. anything below that level you will see losses by expiration. >> so very simply i am looking to buy the january 36 calls. this is a simple trade because if you buy these things you only need to run through that strike by the amount of premium you are paying. the other thing is i indicated some concern about the economic data we have been getting. much of it has been that good. we have been talking about how good it has been for stock prices but not for the results of the companies. >> what do you think of the trade? >> i don't mind it. i look at crude in the weakness as a proxy for global growth. i think if you are going to play the beta trade i think you buy the calls. they are cheap. >> he is buying a longer data call. >> one more time. want to buy h
you have to be willing to overcome concerns about the global economy. >> mike is bullish when he comes to halliburton. he is simply buying a call. let's open that play book once again for those. this is a bullish strategy. when you buy a call you want the stock to rise by more than the cost of the trade. that is all it takes. easy pizzey. anything below that level you will see losses by expiration. >> so very simply i am looking to buy the january 36 calls. this is a simple trade...
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Sep 30, 2012
09/12
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economy. if there is something worth learning, it is the interdependence of them. >> how confident are you? >> i would definitely consider it. [laughter] >> maurice goldstein. institute for international economics. managing director, thank you for a most interesting speech. >> i am always cautious when an english speaking person calls something interesting, it could make it -- could mean anything. >> you are quite right, but let me proceed anyways. [laughter] you indicated in the discussion of the eurozone, you mentioned the need for friendly measures, not just austerity. what are those growth friendly measures? why did we think that these would be sufficient to poll the eurozone out of recession? when discuss in the u.s. fiscal cliff, you made a helpful distinction between the medium term need for strong fiscal consolidation, and the short term need to avoid fiscal contraction. well, why is there not a similar distinction at this point in the eurozone? if not, why not? >> first of all, in the
economy. if there is something worth learning, it is the interdependence of them. >> how confident are you? >> i would definitely consider it. [laughter] >> maurice goldstein. institute for international economics. managing director, thank you for a most interesting speech. >> i am always cautious when an english speaking person calls something interesting, it could make it -- could mean anything. >> you are quite right, but let me proceed anyways. [laughter] you...
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global economy. to. play. welcome back to crossfire and people will remind you we're talking about the politics of austerity. and now we're joined by our garland in st louis he's a strategic trend analyst and author of future incorporated how businesses can in tissue paper and profit from what's next all right eric thank you for joining us from st louis what about the politics of austerity because it seems to me it's turned into an ideology it's a new religion as i said in the first part of the program no one really cares if the patient if i can use that medical term survives this ideology this methodology go ahead. it's funny you know that whole term austerity is not one i like very much because it has all these punitive connotations as opposed to what it really means which is that we need fiscal policies that make sense and by making sense you can't spend more than you take in for very long everybody with common sense knows this and all we're saying is that our current systems that are very large and more co
global economy. to. play. welcome back to crossfire and people will remind you we're talking about the politics of austerity. and now we're joined by our garland in st louis he's a strategic trend analyst and author of future incorporated how businesses can in tissue paper and profit from what's next all right eric thank you for joining us from st louis what about the politics of austerity because it seems to me it's turned into an ideology it's a new religion as i said in the first part of the...
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Sep 30, 2012
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this campaign he used on the above ground states to fund the federal deficit and for not approving the economy when democrats controlled congress. >>> we got of us more dead more deficits and more people struggling to find work and no solutions that actually worked. we're the vice president's appeal to older voters in another battleground state assuring florida seniors that medicare would be around for future generations. greta the action the president took his actually strengthened the medicare trust fund and exceeded this live up to 2024. >>> president obama and the challenger mitt romney are prepping for their first debate. in practice sessions mitt romney will get help from the ohio senator who will play the role of the president. president obama will look to massachusetts senator kerry to stand in for mitt romney. behind in recent polls some campaign watchers said that mitt romney has more riding on the debates as well as more to gain than the president. " of the challenger has the opportunity to establish is competent to stand up and hold his own against the president of the estates a ch
this campaign he used on the above ground states to fund the federal deficit and for not approving the economy when democrats controlled congress. >>> we got of us more dead more deficits and more people struggling to find work and no solutions that actually worked. we're the vice president's appeal to older voters in another battleground state assuring florida seniors that medicare would be around for future generations. greta the action the president took his actually strengthened...
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Sep 28, 2012
09/12
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today both spent time in virginia where the economy remains a dominant issue. >> our economy needs to be reinvigorated, and the president has laid out his plan. it's a continuation of the old plan. we can't afford four more years of the last four years. all right. >> romney also making while reaching out to veterans and service members. >> my opponent thinks it's fair for somebody who makes $20 million a year like him pays a lower rate than a cop or a teacher who makes 50,000. >> president obama was in virginia beach. he also talked to veterans and service members who spent 40 days now left for the election both candidates are spending the bulk of their time campaigning in swing states. >>> the california transportation commission today allocated $40 million caltrain to modernize track and eventually integrate into california's high speed rail project. the money will go toward a new high-tech signal system that prevents collisions and enforces speed restrictions. it also optimizes a number per hour. the long range is to have the track modernized by the year 2019. >>> a young actor is
today both spent time in virginia where the economy remains a dominant issue. >> our economy needs to be reinvigorated, and the president has laid out his plan. it's a continuation of the old plan. we can't afford four more years of the last four years. all right. >> romney also making while reaching out to veterans and service members. >> my opponent thinks it's fair for somebody who makes $20 million a year like him pays a lower rate than a cop or a teacher who makes 50,000....
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is the country going to return to growth that if the economy continues on this path it's been greece and greece it's been a five year long recession which is frankly i'm precedented for a country that's not in war at war. nor the outcome of this is lower tax receipts it's a bigger you know unemployment benefit bills and definitely that's not conducive to say privatisations in an environment of such and security and contraction so these are a bit tough questions and really what we see is that the greek populations or most of you know the greek society is losing patience because they've been asked to foot the bill before and it hasn't really worked. that said another part of the greek population continues to tax evader and remain largely unaffected by the rises and that is something this government has to really really tackle. so same issues and grace no real different outcome yet but still ahead what about spain we'll hear more from eighteen at stats on the protests in spain and what the dissent means but first closing market numbers. download your application. choose your language st
is the country going to return to growth that if the economy continues on this path it's been greece and greece it's been a five year long recession which is frankly i'm precedented for a country that's not in war at war. nor the outcome of this is lower tax receipts it's a bigger you know unemployment benefit bills and definitely that's not conducive to say privatisations in an environment of such and security and contraction so these are a bit tough questions and really what we see is that...
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Sep 28, 2012
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they site sluggish growth due to a deteriorating economy than many analysts had expected. let's get a check on the market. prices rose in new york overnight as they cheered spain's effort to fix troubled finances. we got some economic data and what can you tell us about that? >> before i talk about the stock market let me dpgive you the headline figures. the industrial out put fell 1.3%. that's the second straight month of decline and it is worse than whattagists had expected. second of all we also had some inflation numbers. consumer price index fell 0.3% compared with the same month last year and that's the fourth straight month of decline underscoring japan's deflationary trends eaking of e ock market trading let's check where the nikkei average is. it's up about.2%. analysts are saying that china will continue to be a key factor in tokyo. on thursday the nikkei average fell but reversed to positive territory as investors saw a shanghai stock surge. we also need to keep a close eye on china. shares given the ongoing political tension between japan and china. overnight g
they site sluggish growth due to a deteriorating economy than many analysts had expected. let's get a check on the market. prices rose in new york overnight as they cheered spain's effort to fix troubled finances. we got some economic data and what can you tell us about that? >> before i talk about the stock market let me dpgive you the headline figures. the industrial out put fell 1.3%. that's the second straight month of decline and it is worse than whattagists had expected. second of...
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Sep 26, 2012
09/12
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economy. the u.s. economy is still growing. our exports to europe are only a very small part of our gdp. the housing market recovery is much more important to the improvement of wealth. we're seeing some improvement of confidence. we're seeing rising home prices. all these are more important to the united states than what's going on in europe. >> mark, how do you see it? you invested in europe these days or no? >> a little bit, maria. you know, i guess the thing i would say about europe and soon to watch on our shores is you're going to pay more and get less. i look forward to the dislocation between price and value. i think there are a few opportunities in europe selectively. a company we own called securitas, which is a man-guarded service. it trades for about 50 krona. we think it's worth 72. we get about a 6% dividend yield. there's an example where you can find opportunity. >> everybody's looking for yield in an environment where we can't find any. rick, what are you seeing there today? >> you had a great point. everybody'
economy. the u.s. economy is still growing. our exports to europe are only a very small part of our gdp. the housing market recovery is much more important to the improvement of wealth. we're seeing some improvement of confidence. we're seeing rising home prices. all these are more important to the united states than what's going on in europe. >> mark, how do you see it? you invested in europe these days or no? >> a little bit, maria. you know, i guess the thing i would say about...
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Sep 30, 2012
09/12
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CSPAN2
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we, the majority are really getting schooled in the economy. the way to fix it, to reverse that, to offset is use the political system to get that result. in the political system, we can rearrange so what was lost in the economics is indicated more and more unequal is recouped by using politics. where the majority votes, where the majority rules is a perfectly logical way of thinking. and this has occurred to the rich as well. and to the corporations as well. so the more the system produces inequality, the more urgent it becomes for those benefiting from the inequality capitalism producers to control the politics because the alternative would be good. they're not going to do that. they're not going to allow the political system to function undoes what they have achieved in their mind in the economic system. they're not going to do that. see you can watch as america becomes more and more unequal, then it becomes necessary for politics to become more and more dependent on the money, dependent on the corporations to provide contributions to the ec
we, the majority are really getting schooled in the economy. the way to fix it, to reverse that, to offset is use the political system to get that result. in the political system, we can rearrange so what was lost in the economics is indicated more and more unequal is recouped by using politics. where the majority votes, where the majority rules is a perfectly logical way of thinking. and this has occurred to the rich as well. and to the corporations as well. so the more the system produces...
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Oct 3, 2012
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economy. out of six 15-minute segments, 3 will focus on the nation's finances. the economy remains a top issue for voters. and many americans are anticipating a victory from the president. pew research reports 51% of voters say they think obama will win in tonight's broadcast. an analyst with the sunlight foundation tells first business that the pressure is on for the romney campaign. "in the polls it looks like romney is falling behind and falling further behind in the battleground states. although nationally it's a very close election, he's been hammered in the battleground states. the debates can be a great equalizer for him, but also that increases the pressure on him, whereas i think we are going to see barack obama playing a lot more defense." that was bill allison of the sunlight foundation. at long last, a wall street firm is being sued for fraud in connection with the housing crash. the suit was filed monday by the new york attorney general. the lawsuit holds jp morgan chase responsib
economy. out of six 15-minute segments, 3 will focus on the nation's finances. the economy remains a top issue for voters. and many americans are anticipating a victory from the president. pew research reports 51% of voters say they think obama will win in tonight's broadcast. an analyst with the sunlight foundation tells first business that the pressure is on for the romney campaign. "in the polls it looks like romney is falling behind and falling further behind in the battleground...
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Oct 2, 2012
10/12
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KPIX
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economy forecast growth next year is 2%, 2% minus 2% equals zero. you are pretty much at the recession stage. bo pelley: there are about 12.5 million americans who lost their jobs in the great recession. we have seen our economy in cecession or stumbling along since late 2007. and a lot of americans just want to know when does this end. >> well, i would say that there is good news lurking out there. and in particular the fact that he housing market is picking up is, in our view, a clear sign tiat the situation is improving. when you see that the financial institutions have been clearly strengthened, restructured and made a little bit safer and that ste housing market is picking up. that's not bad. >> pelley: not bad, but next week the i.m.f. is expected to theunce that it's lowering its forecast for world growth to 3% this year. two days before the first presidential debate a new poll irsthe "washington post" finds pe race still very tight nationwide with president obama leading mitt romney by two rints, 49% to 47%. but in two of the biggest swing t
economy forecast growth next year is 2%, 2% minus 2% equals zero. you are pretty much at the recession stage. bo pelley: there are about 12.5 million americans who lost their jobs in the great recession. we have seen our economy in cecession or stumbling along since late 2007. and a lot of americans just want to know when does this end. >> well, i would say that there is good news lurking out there. and in particular the fact that he housing market is picking up is, in our view, a clear...
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we're the reserve currency where people come to us because they have faith in our ability to manage our economy we're starting to do stranger and stranger things. so fannie mae which is owned by the treasury is implicitly if not explicitly guaranteed by the federal government issues mortgages it guarantees that it now sells it to the fed the fed takes that coupon interest and pays it back to treasury starting to have a system that doesn't look right and i think people are starting to question what does that mean you know when europe started doing this we would laugh at the ponzi bonds they were creating that greek banks were funding themselves weirdly and will kind of go go weird europeans they don't get it and now we're seeing more and more that activity here and i think it's you know it's troublesome it is troublesome just to carry it through on the q e unlimited that targets and b.s. what does that do just just to be very clear to the holdings of fannie mae and freddie mac. which is controlled by the government and the treasury you know this is another thing where we're starting to see you k
we're the reserve currency where people come to us because they have faith in our ability to manage our economy we're starting to do stranger and stranger things. so fannie mae which is owned by the treasury is implicitly if not explicitly guaranteed by the federal government issues mortgages it guarantees that it now sells it to the fed the fed takes that coupon interest and pays it back to treasury starting to have a system that doesn't look right and i think people are starting to question...
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Sep 28, 2012
09/12
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KTVU
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paul eggers reports on how the economy is coming into play on the golf course. a gallery of more than 40,000 golf fanatics from across the u.s. and europe will visit medinah country club each of the next three days for golf's premier team event. and they'll pay big bucks for the privilege. "our condo is about $2,000 for the week, our tickets were $700...probably in the vicinity of $3-4,000. the ryder tickets and all gets into about a few thousand dollars real quick." the dollars spent here offer a sharp contrast to tough economic conditions in both regions. in europe, the concern remains the sovereign debt crisis. "right now they need to rethink the way they pay for the public services, healthcare, pension systems, the education system. the money simply is not there any more to support all that." while the u.s. continues to struggle with an unemployment rate above 8%. "we have been suffering in an economy that has not been performing up to standard for a long time, almost more than 5 years at this point." adolfo laurenti of mesirow financial is more optimistic o
paul eggers reports on how the economy is coming into play on the golf course. a gallery of more than 40,000 golf fanatics from across the u.s. and europe will visit medinah country club each of the next three days for golf's premier team event. and they'll pay big bucks for the privilege. "our condo is about $2,000 for the week, our tickets were $700...probably in the vicinity of $3-4,000. the ryder tickets and all gets into about a few thousand dollars real quick." the dollars spent...
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Sep 27, 2012
09/12
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CNBC
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it's about the politics, not the economy. i think the people generally speaking are quite happy with the stimulus package and with the political system. >> tensions indeed remain high especially in some towns in the eastern province of the kingdom. of course we also got a start on the broader concept and developments in the arab spring. why he chose india over china when it comes to their broader investment strategy. and of course we'll talk about the art of private equity, as well. but just on a closing note, ross, the commonalty in these investments in the strategy, the philosophy of these strategies, is basically an emerging middle class and growingoff the next few years. >> all right. look forward to that. yousef, thanks very much. a good teaser for us all. now, elsewhere, l'oreal chairman has warned hollande of the consequences of a 75% top rate of income tax. stefane is in paris with more on this. we'll see the talents either flying out or not going i guess, stefane. >> that's the view from chairman and ceo of l'oreal,
it's about the politics, not the economy. i think the people generally speaking are quite happy with the stimulus package and with the political system. >> tensions indeed remain high especially in some towns in the eastern province of the kingdom. of course we also got a start on the broader concept and developments in the arab spring. why he chose india over china when it comes to their broader investment strategy. and of course we'll talk about the art of private equity, as well. but...
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Oct 3, 2012
10/12
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KPIX
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we got a little good news today on the economy. overall, auto sales were up 13% last month from a yearefore. among the u.s. automakers, ford sales were unchanged, g.m.'s were up 1.5%, chrysler reported a 12% increase. there hasn't been enough good news like that on the economy. the recovery, of course, is painfully slow and one of the biggest reasons is the recession in europe. the 27 countries of the european union add up to the world's- largest economy, but they're reportrecordnemployment. in spain, unemployment among young people is 50%. mark phillips went to barcelona to see what happens when an economy goes into freefall. >> reporter: spain can be a deceptive place. in the early autumn sunshine and in the markets groaning with foodstuffs it's difficult to tell this is a country with a collapsing economy and unemployment rate of 25% that threatens to take the rest of europe and maybe even the united states economy down with it. but wait until they close up at barcelona's boqueria market and follow the porters out back to where
we got a little good news today on the economy. overall, auto sales were up 13% last month from a yearefore. among the u.s. automakers, ford sales were unchanged, g.m.'s were up 1.5%, chrysler reported a 12% increase. there hasn't been enough good news like that on the economy. the recovery, of course, is painfully slow and one of the biggest reasons is the recession in europe. the 27 countries of the european union add up to the world's- largest economy, but they're reportrecordnemployment. in...
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find out what's really happening to the global economy with much cause or for a no holds barred look at the global financial headlines tune into cars a report on. the. russian would be so much brighter if you knew more about song from phones to oppression in some. nice friends don't talk teen dot com. they want to margie good to have you with us this morning every fourth person under the age of twenty five in britain is currently out of work and despite government efforts many young people say there are no opportunities available for them are she's there for reports. seen nothing to do and nowhere to go. name money and no prospects but this is not a film plot this is the reality for millions of young people all across a person who is constantly in the mouth roles which is a film production company that's working and training young people in media and communications this is a really good way for a lot of people who are looking for jobs to come develop those communications skills unfortunately across london in very much depends on which party live in a so whether these types of service
find out what's really happening to the global economy with much cause or for a no holds barred look at the global financial headlines tune into cars a report on. the. russian would be so much brighter if you knew more about song from phones to oppression in some. nice friends don't talk teen dot com. they want to margie good to have you with us this morning every fourth person under the age of twenty five in britain is currently out of work and despite government efforts many young people say...
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Sep 29, 2012
09/12
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WMPT
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the economy is growing again but slowly. the 16 trillion dollars of debt -- the university of miami is as fine of any place to contemplate the future of the nation. indeed a strong stomach for gloomy talk. >> part of the amtrak -- we do not have enough to go around. we're in a rough period. the flexibility that was felt to years ago under bush and clinton, we no longer have that cushion of our own prosperity. the battling has gone worse. absolutely. >> there will be some who point out this is still an energetic place. the energy does not come from government. it might come from the lack of it. america may be forced to find out in the years ahead. >> the british prime minister david cameron was in new york this week to reaffirm his government's goal to spend with their plans & on foreign aid. if all goes to plan, the u.k. will hit the -- to spend 0.7% on foreign aid. back home, there are plenty of politicians to think that's spending so much another country's problems at a time when the u.k. is in recession is madness. emily
the economy is growing again but slowly. the 16 trillion dollars of debt -- the university of miami is as fine of any place to contemplate the future of the nation. indeed a strong stomach for gloomy talk. >> part of the amtrak -- we do not have enough to go around. we're in a rough period. the flexibility that was felt to years ago under bush and clinton, we no longer have that cushion of our own prosperity. the battling has gone worse. absolutely. >> there will be some who point...
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Sep 26, 2012
09/12
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CNBC
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they're not doing that in any sector of the economy. this is clearly blowing smoke. >> j.d., let me give you the last word because we are running out of time. don't you think that with all of the dysfunctionalty that goes on in congress they will find some sort of common ground so we don't have the taxmageddon? >> i don't think anyone has confidence that's the case. we all hope they'll get their act together and prevent this huge tax increase from hitting the economy. no one has any particular confidence. if you're a businessman, you're the labor demand. you're not going to hire anybody without knowing. you're going to wait if you can. most of them can wait. it's just going to get worse. >> all right. gentlemen, thank you both. it is one of the real thorny issues of our time right now as we head toward the election. former credit investment banker was reportedly arrested earlier today by london police. u.s. authorities are criminally charged him back in february alleging he and two other creditors conspired to inflate the value of mortg
they're not doing that in any sector of the economy. this is clearly blowing smoke. >> j.d., let me give you the last word because we are running out of time. don't you think that with all of the dysfunctionalty that goes on in congress they will find some sort of common ground so we don't have the taxmageddon? >> i don't think anyone has confidence that's the case. we all hope they'll get their act together and prevent this huge tax increase from hitting the economy. no one has any...
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Oct 4, 2012
10/12
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CNNW
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every free economy has good regulations. at the same time, it could be become excessive. >> is it engs cessive now? >> in some places. and out of date. in some legislation passed during the president's term, have you seen regulation become excessive and it's hurt the economy. let me give you an example. dodd frank passed and includes within it a number of provisions that i think has a number of consequences. banks too big to fail. this is the billinge ebiggest k york banks i have ever seen. 122 community and small banks have closed since dodd-frank. there is one example. >> you want to repeal dodd-frank? >> repeal and replace it. we're not getting rid of all regulation. there are some parts of dodd-frank that make all the sense in the world. you need transparency, you need to have leverage limits for -- >> here is the specific -- >> excuse me. >> let's talk about the big one. >> no, let's not. let's let him respond, let's let him respond to dodd frank and what the governor said. >> i think this is a great example, the reason
every free economy has good regulations. at the same time, it could be become excessive. >> is it engs cessive now? >> in some places. and out of date. in some legislation passed during the president's term, have you seen regulation become excessive and it's hurt the economy. let me give you an example. dodd frank passed and includes within it a number of provisions that i think has a number of consequences. banks too big to fail. this is the billinge ebiggest k york banks i have...
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Sep 28, 2012
09/12
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KCSMMHZ
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here are the latest market figures. >>> japan is among the world's fastest aging countries and its economy is under deflation. now some companies are going one step further. nhk world's tomo coca mata explains. >> reporter: having your portrait taken for your own funeral might be frightening to some, but in japan, it's part of a range of services targeting the growing population of retirees. >> translator: i want to leave behind an enhanced picture of myself, my own favorite shot. >> reporter: people over the age of 65 have increased by more than 1 million over the past year. they make up almost one-quarter of the japanese population, a proportion that's steady on the rise. this wave of retirees was born during japan's postwar baby boom between 1947 and 1949. funeral homes, attorney, and health care companies are co-sponsoring an exhibition in kawasaki. experts provide advice on the costs of funerals, graves, and related services. this is a comic book handed out for free for all visitors, and it describes how much money you need to conduct a funeral. visitors have the opportunity of lying
here are the latest market figures. >>> japan is among the world's fastest aging countries and its economy is under deflation. now some companies are going one step further. nhk world's tomo coca mata explains. >> reporter: having your portrait taken for your own funeral might be frightening to some, but in japan, it's part of a range of services targeting the growing population of retirees. >> translator: i want to leave behind an enhanced picture of myself, my own...
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Oct 3, 2012
10/12
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CNBC
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economy is recovering, though. joining us now is steve murphy, a democratic strategist and managing partner at mvar, and gretchen hamill is a republican strategist and executive director at public notice. nice to have you both with us. steve, perhaps you can kick it off for us. what do you think tonight holds? >> you know, here's what barack obama has to do. the debate right now in the campaign is very heavily over economic policy going forward. that's where barack obama wants to focus. he will accuse mitt romney of seeking $4 trillion, $5 trillion in additional tax cuts for the wealthy while raising taxes on the middle class. there will be a lot of talk about that because mitt romney disputes that he would be cutting taxes -- excuse me, raising taxes on the middle class. at the same time, he's challenged. obama's challenge is not to be too cocky. with good reason, he gets cocky sometimes. he's got to be careful that he doesn't is a moment like he had in the new hampshire debate in 2008 where he said hillary is lik
economy is recovering, though. joining us now is steve murphy, a democratic strategist and managing partner at mvar, and gretchen hamill is a republican strategist and executive director at public notice. nice to have you both with us. steve, perhaps you can kick it off for us. what do you think tonight holds? >> you know, here's what barack obama has to do. the debate right now in the campaign is very heavily over economic policy going forward. that's where barack obama wants to focus....
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Oct 2, 2012
10/12
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CNBC
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i think we're expecting a slower paces in the economy for the second half. we forecast a growth of the economy around 3.5% for the second half. >> and what does that mean for you some do you need to raise more capital? if the economy is slowing, you'll get more shocks, did vtp need to have more capital? >> in terms of asset growth, we've seen a very healthy year again. we're coming from 2011 when organically we grew assets by over 35%. so eventually well need more capital to finance the growth and this is something that we have been discussing with the government in line also with the plan of our main shareholders. >> how long before we know about those plans? >> well, there was just a very important privatization for burbank. i think we're mindful of maybe not coming with a second offering from a bank too soon. we also have raised a billion dollar tier one capital in july and we've strengthened the capital by reducing the asset base. so we would expect probably a transaction next year, but it depends to market condition of course. >> ricardo, this is jim he
i think we're expecting a slower paces in the economy for the second half. we forecast a growth of the economy around 3.5% for the second half. >> and what does that mean for you some do you need to raise more capital? if the economy is slowing, you'll get more shocks, did vtp need to have more capital? >> in terms of asset growth, we've seen a very healthy year again. we're coming from 2011 when organically we grew assets by over 35%. so eventually well need more capital to finance...
WHUT (Howard University Television)
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Sep 26, 2012
09/12
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WHUT
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economy. the firm has been taking various streamlining measures that include cutting 2,000,000 jo jo. 10% of the work force. despite actions, the company posted a loss in first time in four quarters. "the new york times" decided to appoint bbc general director as its new top executive. he is nonto have improved the web services of the bbc is is expected to bolster the newspaper company's online businesses. >>> british bankers association says it is willing to give up control over the libor bank rate. as it looks to prevent further rate rigging scandals. the association says libor is based on interest rates charged between banks in the london market. in june, major british bank, barclays was fined for manipulating libor through false reporting. a staement released tuesday indicating they would transfer libor related to a public body. by making the announcement, the association is seen as trying to ease criticism about the way the rate has been handled over a quarter century. and the british gov
economy. the firm has been taking various streamlining measures that include cutting 2,000,000 jo jo. 10% of the work force. despite actions, the company posted a loss in first time in four quarters. "the new york times" decided to appoint bbc general director as its new top executive. he is nonto have improved the web services of the bbc is is expected to bolster the newspaper company's online businesses. >>> british bankers association says it is willing to give up control...